ETHUSD
Medium-term Trend: Bullish
Resistance: $585, $580, $575
Support: $555, $560, $565
Yesterday, 30 May, the ETHUSD pair
was in a bullish market. Ethereum had established itself above the $550 price
level. Meanwhile, the MACD line and the signal line were above the zero line,
indicating a buy signal. Also, the price was above the 12-day and 26-day EMA
indicating that the bullish trend was ongoing. Ethereum is currently
trading at $569.10 at the time of writing.
Nevertheless, today, the Ethereum
price is sustained above $550. The asset price is fluctuating between $550 and
$600 since 29 May. Meanwhile, the MACD line and the signal line are above
the zero line, indicating a buy signal. The Ethereum peice is above the 12-day
and the 26-day EMA, indicating that the bullish trend is ongoing.
However, since the asset price
has been sustained above the $550, traders should initiate long orders
above that level.
ETHUSD
Short-term trend: Bullish
The daily chart shows
that Ethereum is in a bullish market although the MACD line and the signal
line are below the zero line, indicating a sell signal. The asset may reach
$600 if the resistance level at $570 is broken.
The views and opinions expressed here do not reflect
that of CryptoGlobe.com and do not constitute financial advice. Always do your
own research.
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